Latest / Build With Becky: Smart Strategies To Grow Your Community-Driven Business / Listener Q: How Do You Price Your Community Offers?
Transcript
- 0:00Today
- 0:00I'm
- 0:00answering
- 0:01another
- 0:01submitted
- 0:02question
- 0:03from
- 0:03the
- 0:03community.
- 0:04And
- 0:04this
- 0:04question
- 0:05is
- 0:05from
- 0:05Leslie
- 0:06and
- 0:06she
- 0:06asked,
- 0:07how
- 0:07do
- 0:07you
- 0:07think
- 0:08about
- 0:08how
- 0:08much
- 0:08to
- 0:09charge
- 0:09and
- 0:10do
- 0:10you
- 0:10do
- 0:10sliding
- 0:11scales?
- 0:12So
- 0:12essentially
- 0:12like,
- 0:13how
- 0:13do
- 0:13I
- 0:13handle
- 0:13pricing?
- 0:14This
- 0:15is
- 0:15a
- 0:15long
- 0:15answer
- 0:16and
- 0:16I
- 0:16feel
- 0:16I
- 0:16could
- 0:17lecture
- 0:17on
- 0:17this
- 0:18for
- 0:18one
- 0:18hour.
- 0:19So
- 0:19I'm
- 0:20gonna
- 0:20try
- 0:20to
- 0:20just
- 0:21cover
- 0:21high
- 0:21level
- 0:21categories
- 0:22of
- 0:22what
- 0:22I
- 0:23think
- 0:23about
- 0:24and
- 0:24how
- 0:25that
- 0:25impacts
- 0:25pricing.
- 0:26Uh,
- 0:27because
- 0:27this
- 0:28is
- 0:28actually
- 0:28a
- 0:28really
- 0:28complex
- 0:29answer.
- 0:30Pricing,
- 0:30there's
- 0:31a
- 0:31lot
- 0:31of
- 0:31factors
- 0:31that
- 0:31go
- 0:32into
- 0:32it.
- 0:32So
- 0:32let's
- 0:32go
- 0:33through
- 0:33the
- 0:33factors.
- 0:34The
- 0:34first
- 0:34question
- 0:35I'm
- 0:35going
- 0:36to
- 0:36ask
- 0:36is,
- 0:36what
- 0:37experience
- 0:38are
- 0:38you
- 0:38creating
- 0:39and
- 0:39what
- 0:39is
- 0:39the
- 0:40value
- 0:40of
- 0:40that
- 0:41experience?
- 0:42For
- 0:42example,
- 0:43if
- 0:43you're
- 0:44bringing
- 0:44a
- 0:44ton
- 0:45of
- 0:45high
- 0:45level
- 0:46business
- 0:46owners
- 0:47into
- 0:47a
- 0:47room
- 0:48and
- 0:48by
- 0:49being
- 0:49in
- 0:49that
- 0:50room
- 0:50they're
- 0:51going
- 0:51to
- 0:51get
- 0:51some
- 0:51sort
- 0:52of
- 0:52insane
- 0:53roi,
- 0:53like
- 0:54they're
- 0:54going
- 0:54to
- 0:54sign
- 0:54some
- 0:55six
- 0:55figures
- 0:55worth
- 0:56of
- 0:56work
- 0:56coming
- 0:56out
- 0:57of
- 0:57that,
- 0:57then
- 0:57you
- 0:58can
- 0:58charge
- 0:58a
- 0:59lot
- 0:59to
- 0:59be
- 1:00in
- 1:00that
- 1:00room.
- 1:01The
- 1:01experience
- 1:02value
- 1:03there
- 1:03is
- 1:04super
- 1:04clear.
- 1:04Like
- 1:05they
- 1:05can
- 1:05understand
- 1:06when
- 1:06I
- 1:06go
- 1:06to
- 1:06this,
- 1:06it's
- 1:07gonna
- 1:07have
- 1:07this
- 1:07impact
- 1:08on
- 1:08my
- 1:08business
- 1:09or
- 1:09my
- 1:09life
- 1:09or
- 1:09my
- 1:09career.
- 1:10And
- 1:10so
- 1:11therefore
- 1:11this
- 1:12amount
- 1:12of
- 1:12money
- 1:12is
- 1:12totally
- 1:13worth
- 1:13it
- 1:14personally.
- 1:14Like
- 1:15when
- 1:15I
- 1:15go
- 1:15to
- 1:15conferences,
- 1:16for
- 1:16example,
- 1:17I
- 1:17always
- 1:17track
- 1:17my
- 1:18expenses
- 1:18and
- 1:18then
- 1:18I
- 1:18see
- 1:19like
- 1:19what
- 1:19came
- 1:19out
- 1:19of
- 1:20the
- 1:20people
- 1:20I
- 1:20met,
- 1:21the
- 1:22conversations
- 1:22I
- 1:23had,
- 1:23like
- 1:23what
- 1:23revenue
- 1:24came
- 1:24out
- 1:24of
- 1:24that,
- 1:25and
- 1:25was
- 1:25that
- 1:25event
- 1:26worth
- 1:26it?
- 1:26And
- 1:26that
- 1:26helps
- 1:26me
- 1:27decide,
- 1:27do
- 1:27I
- 1:27go
- 1:27to
- 1:27that
- 1:28event
- 1:28again
- 1:28in
- 1:28the
- 1:28future?
- 1:28And
- 1:29I'm
- 1:29not
- 1:29the
- 1:29only
- 1:29person
- 1:29that
- 1:30does
- 1:30this.
- 1:31So
- 1:31we
- 1:31are
- 1:32always
- 1:32thinking
- 1:32about,
- 1:32okay,
- 1:33if
- 1:33I'm
- 1:33investing
- 1:34in
- 1:34something,
- 1:34what
- 1:34am
- 1:34I
- 1:34getting
- 1:35back
- 1:35from
- 1:35that
- 1:35investment?
- 1:36So
- 1:36kind
- 1:37of
- 1:37looking
- 1:37through
- 1:37this
- 1:37lens
- 1:38can
- 1:38help
- 1:38you
- 1:38think
- 1:39about
- 1:39what
- 1:39pricing
- 1:40makes
- 1:40sense.
- 1:41Now
- 1:41with
- 1:42that
- 1:42in
- 1:42mind,
- 1:42we
- 1:43also
- 1:43want
- 1:43to
- 1:43think
- 1:44about
- 1:44this
- 1:44is
- 1:44the
- 1:44next
- 1:44factor,
- 1:45what
- 1:46is
- 1:46the
- 1:46purpose
- 1:46of
- 1:47this
- 1:47product?
- 1:47Is
- 1:47it
- 1:48part
- 1:48of
- 1:48a
- 1:48funnel?
- 1:48So
- 1:49sometimes
- 1:49you
- 1:50might
- 1:50have
- 1:50a
- 1:51$35
- 1:52offer
- 1:52that's
- 1:52like
- 1:53a
- 1:53five
- 1:53day
- 1:54challenge
- 1:55that
- 1:55is
- 1:56worth
- 1:56so
- 1:56much
- 1:57more
- 1:57money
- 1:57than
- 1:58you're
- 1:58charging.
- 1:59But
- 1:59the
- 1:59reason
- 2:00is
- 2:00because
- 2:00you
- 2:01want
- 2:01to
- 2:01extremely
- 2:02over
- 2:02deliver
- 2:02on
- 2:03that
- 2:03experience.
- 2:04Get
- 2:04as
- 2:04many
- 2:04people
- 2:05in
- 2:05as
- 2:05possible
- 2:05because
- 2:06the
- 2:06price
- 2:06is
- 2:06such
- 2:06a
- 2:07no
- 2:07brainer,
- 2:08and
- 2:08then
- 2:08you're
- 2:08selling
- 2:09something
- 2:09larger
- 2:10during
- 2:10that
- 2:11at
- 2:11the
- 2:11end
- 2:11that
- 2:12makes
- 2:12people
- 2:12feel
- 2:13like,
- 2:13oh
- 2:13my
- 2:13gosh,
- 2:13this
- 2:13was
- 2:13so
- 2:14incredible,
- 2:14I
- 2:15cannot
- 2:15wait
- 2:15to
- 2:15buy
- 2:16the
- 2:16next
- 2:16thing.
- 2:16And
- 2:16now
- 2:17that
- 2:17I
- 2:17have
- 2:18have
- 2:18had
- 2:18this
- 2:18nurture
- 2:19experience
- 2:20with
- 2:20this
- 2:21leader,
- 2:22I
- 2:22am
- 2:22ready
- 2:23to
- 2:23invest
- 2:23thousands
- 2:24of
- 2:24dollars
- 2:24into
- 2:24their
- 2:25next
- 2:25thing.
- 2:25And
- 2:26so
- 2:26if
- 2:26the
- 2:26purpose
- 2:26is
- 2:27for
- 2:27it
- 2:27to
- 2:27be
- 2:27part
- 2:27of
- 2:28your
- 2:28funnel,
- 2:28then
- 2:28Obviously
- 2:29that's
- 2:29gonna
- 2:30change
- 2:30how
- 2:31you're
- 2:31thinking
- 2:32through
- 2:32the
- 2:32value
- 2:32experience.
- 2:34The
- 2:34third
- 2:34thing
- 2:35is
- 2:35what
- 2:35kind
- 2:35of
- 2:36money
- 2:36does
- 2:36your
- 2:36end
- 2:37customer
- 2:37have?
- 2:37So
- 2:38if
- 2:39we're
- 2:39talking
- 2:39about
- 2:39serving
- 2:40a
- 2:40group
- 2:40of
- 2:40business
- 2:41owners,
- 2:42business
- 2:42owners
- 2:43have
- 2:43a
- 2:43lot
- 2:43of
- 2:43money
- 2:43to
- 2:44invest
- 2:44to
- 2:44help
- 2:45them
- 2:45as
- 2:45long
- 2:45as
- 2:45it's
- 2:46going
- 2:46to
- 2:46bring
- 2:46back
- 2:46ROI
- 2:47into
- 2:47their
- 2:47business
- 2:47like
- 2:47we
- 2:48just
- 2:48talked
- 2:48about.
- 2:49And
- 2:49so
- 2:49for
- 2:49example,
- 2:50if
- 2:50somebody
- 2:51is
- 2:51running
- 2:52a
- 2:52marketing
- 2:53mastermind
- 2:53where
- 2:53they're
- 2:54gonna
- 2:54do
- 2:54like
- 2:55marketing
- 2:56campaigns
- 2:56throughout
- 2:56the
- 2:57year
- 2:57and
- 2:57all
- 2:57of
- 2:57that,
- 2:57like
- 2:58they
- 2:58could
- 2:58easily
- 2:58charge
- 2:59like
- 2:59a
- 2:59$10,000
- 3:00experience,
- 3:00especially
- 3:01it
- 3:01being
- 3:01a
- 3:02small
- 3:02group.
- 3:02And
- 3:03we're.
- 3:03So
- 3:03we're
- 3:03thinking
- 3:04through
- 3:04the
- 3:04experience,
- 3:04we're
- 3:05thinking
- 3:05through
- 3:05the
- 3:05kind
- 3:05of
- 3:05money
- 3:06they
- 3:06have.
- 3:06And
- 3:06then
- 3:06the
- 3:06purpose
- 3:07of
- 3:07this
- 3:07product
- 3:07is
- 3:07it's
- 3:08their
- 3:08high
- 3:08level
- 3:08offer.
- 3:09So
- 3:10that
- 3:11is
- 3:11like,
- 3:11okay,
- 3:12they
- 3:12have
- 3:12the
- 3:12money,
- 3:13but
- 3:13if
- 3:13you're
- 3:14serving
- 3:14maybe
- 3:15like
- 3:15early
- 3:16stage
- 3:17UX
- 3:17designers,
- 3:18Leslie,
- 3:20and
- 3:20they
- 3:21don't
- 3:21necessarily
- 3:22have
- 3:22a
- 3:22ton
- 3:23of
- 3:23money,
- 3:23but
- 3:23they're
- 3:24interested
- 3:25in
- 3:26furthering
- 3:26their
- 3:26career,
- 3:27then
- 3:28we
- 3:28might
- 3:28need
- 3:28to
- 3:29think
- 3:29about
- 3:29what
- 3:30kind
- 3:30of
- 3:30education
- 3:30budgets
- 3:31are
- 3:31they
- 3:31getting
- 3:32from
- 3:32the
- 3:32companies
- 3:32that
- 3:32they
- 3:33work
- 3:33in.
- 3:34So
- 3:34when
- 3:34we're
- 3:35serving
- 3:35professionals
- 3:36that
- 3:36have
- 3:37jobs,
- 3:38it's
- 3:38a
- 3:38little
- 3:38bit
- 3:38more
- 3:39limited
- 3:39on
- 3:39what
- 3:39we
- 3:39can
- 3:39offer.
- 3:40Like
- 3:40a
- 3:41early
- 3:41stage
- 3:42tech
- 3:42career
- 3:42person
- 3:43probably
- 3:43isn't
- 3:43going
- 3:44to
- 3:44invest
- 3:44in
- 3:44a
- 3:45$10,000
- 3:45mastermind
- 3:46the
- 3:46way
- 3:46a
- 3:46business
- 3:46owner
- 3:47would.
- 3:47And
- 3:47so
- 3:48pricing,
- 3:48when
- 3:49people
- 3:49ask
- 3:49me
- 3:49about
- 3:50pricing,
- 3:50I
- 3:50can't
- 3:50say
- 3:50like,
- 3:51oh,
- 3:51a
- 3:51mastermind
- 3:51should
- 3:52be
- 3:52around
- 3:538,000
- 3:53to
- 3:54$15,000.
- 3:55I
- 3:55don't
- 3:55know.
- 3:55It
- 3:55depends
- 3:56on
- 3:56your
- 3:57customer
- 3:57and
- 3:58what
- 3:58kind
- 3:58of
- 3:58money
- 3:58they
- 3:58have,
- 3:59what
- 3:59kind
- 3:59of
- 3:59experience
- 4:00you're
- 4:00creating.
- 4:01So
- 4:01those
- 4:01factors
- 4:02are
- 4:02definitely
- 4:02important
- 4:03to
- 4:03think
- 4:03about.
- 4:04The
- 4:04next
- 4:04factor
- 4:05is
- 4:05probably
- 4:05the
- 4:05one
- 4:06that
- 4:06people
- 4:06overestimate
- 4:07or
- 4:07underestimate
- 4:08the
- 4:08most,
- 4:09which
- 4:09is
- 4:09what's
- 4:10your
- 4:10street
- 4:10cred?
- 4:11Like?
- 4:11Do
- 4:11you
- 4:11have
- 4:12the
- 4:12testimonials
- 4:13and
- 4:13the
- 4:13results
- 4:13and
- 4:14the
- 4:14resume
- 4:15that
- 4:15make
- 4:15you
- 4:16worth
- 4:16your
- 4:17offer,
- 4:17worth
- 4:18a
- 4:18premium
- 4:19price?
- 4:19Are
- 4:20you,
- 4:20even
- 4:20if
- 4:20you
- 4:21have
- 4:21a
- 4:21personal
- 4:21brand,
- 4:22are
- 4:22you
- 4:22a
- 4:22premium
- 4:23brand?
- 4:24And
- 4:24this
- 4:25just
- 4:25comes
- 4:25with
- 4:26time,
- 4:26right?
- 4:27If
- 4:27you're
- 4:27new
- 4:27to
- 4:27this
- 4:28space,
- 4:28if
- 4:28it's
- 4:28your
- 4:28first
- 4:29offers,
- 4:29you
- 4:29want
- 4:30to
- 4:30keep
- 4:30your
- 4:30pricing
- 4:30lower.
- 4:31If
- 4:31you
- 4:31don't
- 4:32have
- 4:32a
- 4:32ton
- 4:32of
- 4:32testimonials
- 4:33to
- 4:33speak
- 4:33to
- 4:34how
- 4:34you've
- 4:34helped
- 4:34people
- 4:35accomplish
- 4:35this
- 4:35in
- 4:35the
- 4:36past.
- 4:36We
- 4:36see
- 4:36this
- 4:37all
- 4:37the
- 4:37time
- 4:37with
- 4:37like
- 4:37beta
- 4:38programs
- 4:38having
- 4:38beta
- 4:39pricing.
- 4:39Usually
- 4:40it's
- 4:40like
- 4:41the
- 4:41price
- 4:41you
- 4:41hope
- 4:41to
- 4:42have,
- 4:43slash
- 4:43it
- 4:43in
- 4:43half,
- 4:43you
- 4:44call
- 4:44it
- 4:4450%
- 4:45off,
- 4:45and
- 4:45you
- 4:45say,
- 4:45this
- 4:45is
- 4:46the
- 4:46cheapest
- 4:47I'm
- 4:47ever
- 4:47going
- 4:47to
- 4:48do
- 4:48this.
- 4:48And
- 4:48then
- 4:49when
- 4:49you
- 4:49get
- 4:49Incredible
- 4:50testimonials.
- 4:50When
- 4:51you
- 4:51see
- 4:51that
- 4:51your
- 4:51clients
- 4:52are
- 4:52getting
- 4:52results,
- 4:53then
- 4:53number
- 4:54one,
- 4:54you're
- 4:54going
- 4:54to
- 4:54feel
- 4:54way
- 4:54more
- 4:55confident
- 4:55selling
- 4:55the
- 4:55thing
- 4:56and
- 4:56so
- 4:56it's
- 4:56going
- 4:56to
- 4:56sell
- 4:56better.
- 4:57And
- 4:57number
- 4:58two,
- 4:58people
- 4:59that
- 4:59were
- 4:59interested
- 5:00can
- 5:00now
- 5:00see
- 5:01like,
- 5:01okay,
- 5:01people
- 5:01are
- 5:01getting
- 5:01the
- 5:02results.
- 5:02I'm
- 5:02interested
- 5:02now
- 5:03in
- 5:03investing
- 5:04my
- 5:04time
- 5:04and
- 5:04my
- 5:04money
- 5:05into
- 5:05this.
- 5:05And
- 5:06so
- 5:06just,
- 5:06you
- 5:06know,
- 5:07that
- 5:07needs
- 5:07to
- 5:07factor
- 5:08in
- 5:08as
- 5:08well.
- 5:08Like
- 5:09if
- 5:09you
- 5:10are
- 5:11somebody
- 5:11that
- 5:11has
- 5:11a
- 5:11huge
- 5:12brand,
- 5:12maybe
- 5:12you
- 5:12have
- 5:12a
- 5:12New
- 5:12York
- 5:13Times
- 5:13selling
- 5:13book
- 5:14or
- 5:14something
- 5:14like
- 5:14that,
- 5:15that
- 5:15is
- 5:15definitely
- 5:15gonna
- 5:16help
- 5:16with
- 5:16your
- 5:16street
- 5:17credentials
- 5:17and
- 5:17make
- 5:18people
- 5:18more
- 5:18excited
- 5:19to
- 5:19work
- 5:19with
- 5:19you.
- 5:19And
- 5:20so,
- 5:20yeah,
- 5:20I
- 5:21think
- 5:21I'm,
- 5:21you
- 5:21know,
- 5:21this
- 5:22is
- 5:22totally
- 5:22a
- 5:22sidebar,
- 5:23but
- 5:23I
- 5:23think
- 5:23that's
- 5:23why
- 5:23creator
- 5:24led
- 5:24brands
- 5:25are
- 5:25definitely
- 5:26the
- 5:26future.
- 5:26And
- 5:27the
- 5:27more
- 5:28we
- 5:28can
- 5:29like
- 5:29the
- 5:29people
- 5:29that
- 5:30have
- 5:30the
- 5:30larger
- 5:30audiences
- 5:31that
- 5:31have
- 5:31the
- 5:31influence,
- 5:32that
- 5:32have
- 5:32the
- 5:32trust
- 5:33they've
- 5:33built
- 5:33trust
- 5:34with,
- 5:34we're
- 5:34more
- 5:35likely
- 5:35to
- 5:35buy
- 5:35from
- 5:35them.
- 5:35And
- 5:36so
- 5:36that's
- 5:36why
- 5:36it's
- 5:36such
- 5:36a
- 5:37smart
- 5:37strategy
- 5:37when
- 5:38building
- 5:38your
- 5:38business
- 5:38to
- 5:39kind
- 5:39of
- 5:39like
- 5:39lean
- 5:39into
- 5:39that
- 5:39creator
- 5:40side.
- 5:41Um,
- 5:41okay.
- 5:42And
- 5:42then
- 5:42the
- 5:42last
- 5:42factor
- 5:43is
- 5:44how
- 5:44large
- 5:44is
- 5:44your
- 5:44audience?
- 5:45Audience
- 5:45size
- 5:46does
- 5:46play
- 5:47a
- 5:47part
- 5:47in
- 5:48your
- 5:48pricing
- 5:48strategy
- 5:49and
- 5:49your
- 5:49product
- 5:49strategy
- 5:50because
- 5:50we
- 5:51need
- 5:51to
- 5:51understand
- 5:51the
- 5:51economy
- 5:52of
- 5:52scale.
- 5:52Like
- 5:53if
- 5:5320
- 5:53people
- 5:54are
- 5:54in
- 5:54the
- 5:54room
- 5:55or
- 5:55if
- 5:552000
- 5:56people
- 5:56are
- 5:56in
- 5:56the
- 5:56room.
- 5:57Now
- 5:58if
- 5:58you
- 5:58have
- 5:58like
- 5:58a
- 5:58really
- 5:59large
- 5:59audience
- 6:00and
- 6:00you
- 6:00want
- 6:01to
- 6:01create
- 6:01some
- 6:01sort
- 6:01of
- 6:01like
- 6:02on
- 6:02demand
- 6:02membership
- 6:03kind
- 6:03of
- 6:03thing,
- 6:04then
- 6:04a
- 6:04lower
- 6:04price
- 6:04point
- 6:05might
- 6:05make
- 6:05sense
- 6:06because
- 6:07it's
- 6:07more
- 6:07of
- 6:07a
- 6:07subscription
- 6:08model.
- 6:08You
- 6:08have
- 6:09the
- 6:09economy
- 6:09of
- 6:09scale
- 6:10where
- 6:10you
- 6:10can
- 6:10reach
- 6:10such
- 6:10a
- 6:11large
- 6:11number
- 6:11of
- 6:11people
- 6:12that
- 6:12the
- 6:12conversion
- 6:13rate
- 6:13is
- 6:13going
- 6:13to
- 6:13still
- 6:14make
- 6:14you
- 6:14a
- 6:14lot
- 6:14of
- 6:14money.
- 6:15Like
- 6:15if
- 6:15you
- 6:15have,
- 6:16you
- 6:16know,
- 6:16millions
- 6:17of
- 6:17followers
- 6:17and
- 6:18you're
- 6:18converting
- 6:185%,
- 6:19you're
- 6:19still
- 6:19going
- 6:19to
- 6:19make
- 6:19six
- 6:20figures
- 6:20every
- 6:20month
- 6:21on
- 6:21a
- 6:21recurring
- 6:21product.
- 6:22So
- 6:23there's
- 6:23a
- 6:23lot
- 6:24of
- 6:24opportunity
- 6:24in
- 6:25understanding
- 6:26how
- 6:26large
- 6:26is
- 6:26your
- 6:27audience
- 6:27and
- 6:27how
- 6:27does
- 6:27that
- 6:27factor
- 6:28into
- 6:29your
- 6:29pricing
- 6:29and
- 6:29the
- 6:29kind
- 6:30of
- 6:30experience
- 6:30you're
- 6:30going
- 6:30to
- 6:30create.
- 6:31But
- 6:31to
- 6:31that
- 6:32point
- 6:32it
- 6:32always
- 6:32comes
- 6:32back
- 6:33to
- 6:33like,
- 6:33what
- 6:33experience
- 6:34are
- 6:34you
- 6:34creating?
- 6:34Because
- 6:35if
- 6:35you
- 6:35have
- 6:35a
- 6:35larger
- 6:35audience,
- 6:36maybe
- 6:36it
- 6:36makes
- 6:36sense
- 6:37for
- 6:37you
- 6:37to
- 6:37create
- 6:38a
- 6:38lower
- 6:39effort
- 6:40product
- 6:41that's
- 6:41recurring
- 6:42or
- 6:42subscription
- 6:43offer
- 6:43or
- 6:43something
- 6:44small
- 6:45or
- 6:45a
- 6:46$40
- 6:46training
- 6:47or
- 6:47guide
- 6:47because
- 6:48you
- 6:48can
- 6:48sell
- 6:48more
- 6:49of
- 6:49them.
- 6:50But
- 6:50if
- 6:50you
- 6:51have
- 6:52a
- 6:52smaller
- 6:52audience
- 6:53or
- 6:54you're
- 6:54just
- 6:54not
- 6:55at
- 6:55that
- 6:55scale
- 6:55yet,
- 6:55maybe
- 6:56you
- 6:56can
- 6:56get
- 6:5620
- 6:56people
- 6:56in
- 6:57the
- 6:57room.
- 6:57You
- 6:57want
- 6:58to
- 6:58lean
- 6:58into
- 6:58a
- 6:59price
- 6:59that's
- 6:59going
- 6:59to
- 6:59make
- 6:59it
- 7:00affordable
- 7:00for
- 7:00you
- 7:01to,
- 7:01to
- 7:01be
- 7:02able
- 7:02to
- 7:02like
- 7:02make
- 7:03the
- 7:03money
- 7:03you
- 7:03need
- 7:03to
- 7:04show
- 7:04up
- 7:04as
- 7:04the
- 7:04best
- 7:04version
- 7:05of
- 7:05yourself.
- 7:06And
- 7:06so
- 7:06you
- 7:07don't
- 7:07want
- 7:07to
- 7:07like
- 7:07undercut
- 7:08your
- 7:08pricing
- 7:09because
- 7:10people
- 7:10need
- 7:11you
- 7:11to
- 7:11show
- 7:11up
- 7:11with
- 7:12your
- 7:12full
- 7:12energy.
- 7:13And
- 7:13this
- 7:13is
- 7:13something
- 7:13I
- 7:14see
- 7:14like
- 7:14fizzle
- 7:15a
- 7:15lot
- 7:15with
- 7:15membership
- 7:16experiences
- 7:17specifically
- 7:18because
- 7:18they'll
- 7:18sell
- 7:19their
- 7:19membership
- 7:19offer
- 7:20way
- 7:20too
- 7:20low
- 7:21for
- 7:21a
- 7:21monthly
- 7:22low
- 7:22fee.
- 7:23And
- 7:23then
- 7:23it's
- 7:23like,
- 7:24let's
- 7:24say
- 7:24you
- 7:24charge
- 7:25$30
- 7:25a
- 7:25month
- 7:26for
- 7:26your
- 7:26membership.
- 7:26You,
- 7:27you
- 7:27get
- 7:2710
- 7:27people
- 7:28in
- 7:28and
- 7:29then
- 7:29you're
- 7:29trying
- 7:30to
- 7:30grow
- 7:30it
- 7:30from
- 7:30there,
- 7:30but
- 7:31you
- 7:31have
- 7:31to
- 7:31invest
- 7:32a
- 7:32lot
- 7:32of
- 7:32time
- 7:32and
- 7:33energy
- 7:33into
- 7:33growing
- 7:34it.
- 7:34But
- 7:34you're
- 7:34only
- 7:34making
- 7:35$300
- 7:35a
- 7:35month
- 7:36from
- 7:36it.
- 7:36Like
- 7:36that's
- 7:37not
- 7:37enough
- 7:37money
- 7:38for
- 7:38you
- 7:38for
- 7:38it
- 7:38to
- 7:39be
- 7:39worth
- 7:39it
- 7:39for
- 7:39you.
- 7:40So
- 7:40you
- 7:40have
- 7:40to
- 7:40think
- 7:40about
- 7:41these
- 7:41economies
- 7:41of
- 7:41scale
- 7:42when
- 7:43you're
- 7:43designing
- 7:44your
- 7:44offer
- 7:44itself.
- 7:45So
- 7:46I'll
- 7:46give
- 7:47you
- 7:47a
- 7:48chart,
- 7:48I'm
- 7:48going
- 7:48to
- 7:48read
- 7:48through
- 7:48a
- 7:49chart
- 7:49that
- 7:49I
- 7:49have
- 7:49to
- 7:50think
- 7:50about.
- 7:50How
- 7:51can
- 7:51you
- 7:51price
- 7:53a
- 7:53member
- 7:53experience,
- 7:54specifically
- 7:54a
- 7:54membership
- 7:55experience?
- 7:56So
- 7:56on
- 7:56the
- 7:56lower
- 7:57end,
- 7:57on
- 7:57the
- 7:57lower
- 7:58price
- 7:58points,
- 7:58we
- 7:58should
- 7:58be
- 7:59thinking
- 7:59like
- 7:59this.
- 7:59In
- 8:00my
- 8:00membership
- 8:00visions,
- 8:01I'm
- 8:01filling
- 8:01a
- 8:02stadium
- 8:02of
- 8:02people.
- 8:03I
- 8:03want
- 8:03to
- 8:04impact
- 8:04as
- 8:04many
- 8:04people
- 8:05as
- 8:05possible.
- 8:05The
- 8:06more
- 8:06members
- 8:06the
- 8:06better.
- 8:07It's
- 8:07mainly
- 8:08going
- 8:08to
- 8:08be
- 8:09content
- 8:09driven
- 8:10and
- 8:10that's
- 8:11the
- 8:11value.
- 8:11We're
- 8:11going
- 8:11to
- 8:11drop
- 8:12new
- 8:12content
- 8:12all
- 8:12of
- 8:12the
- 8:13time.
- 8:13So
- 8:13it's
- 8:13less
- 8:14for
- 8:14me,
- 8:14more
- 8:15like
- 8:15subscription
- 8:15model.
- 8:16It's
- 8:16low
- 8:17maintenance.
- 8:17So
- 8:17it's
- 8:18not
- 8:18a
- 8:18lot
- 8:18of
- 8:18work
- 8:18on
- 8:19your
- 8:19hands.
- 8:19It's
- 8:19not
- 8:20a
- 8:20lot
- 8:20of
- 8:20community
- 8:20management
- 8:21required.
- 8:21And
- 8:22for
- 8:22the
- 8:22post
- 8:22most
- 8:23part
- 8:23you're,
- 8:24you're
- 8:24managing
- 8:25the
- 8:25membership
- 8:25on
- 8:25your
- 8:25own.
- 8:26Maybe
- 8:26you
- 8:26have
- 8:26like
- 8:26a
- 8:26VA
- 8:27supporting
- 8:27you,
- 8:27but
- 8:27it's
- 8:28not
- 8:28like
- 8:28you
- 8:28need
- 8:28a
- 8:28whole
- 8:29team
- 8:29of
- 8:29people
- 8:29to
- 8:30support
- 8:30this.
- 8:31That's
- 8:31gonna
- 8:31be
- 8:31lower
- 8:32price
- 8:32point.
- 8:32Now
- 8:33this
- 8:33is
- 8:33definitely
- 8:33something
- 8:34that's
- 8:34gonna
- 8:34work
- 8:34better
- 8:34for
- 8:35larger
- 8:35audiences
- 8:36because
- 8:36they
- 8:36have
- 8:36the
- 8:36volume
- 8:37to
- 8:37be
- 8:37able
- 8:37to
- 8:37bring
- 8:38in
- 8:38the
- 8:38revenue.
- 8:39Now
- 8:39for
- 8:40a
- 8:40higher
- 8:40price
- 8:40point
- 8:41in
- 8:41your
- 8:41membership
- 8:42visions,
- 8:42you're
- 8:42filling
- 8:43a
- 8:43small
- 8:43local
- 8:43venue,
- 8:44it's
- 8:44a
- 8:44smaller
- 8:45group,
- 8:45it's
- 8:45small
- 8:46and
- 8:46intimate
- 8:46where
- 8:47everyone
- 8:47knows
- 8:47each
- 8:47other.
- 8:48You
- 8:48have
- 8:48a
- 8:48very
- 8:48high
- 8:49touch
- 8:49customer
- 8:49experience.
- 8:51You
- 8:51have
- 8:51smaller
- 8:52facilitated
- 8:53groups.
- 8:53There's
- 8:54one
- 8:54to
- 8:54one
- 8:54opportunity,
- 8:55there's
- 8:55an
- 8:55extremely
- 8:56high
- 8:56quality
- 8:56curriculum
- 8:57or
- 8:57roadmap
- 8:58that
- 8:58supports
- 8:59people
- 8:59in
- 8:59reaching
- 8:59a
- 8:59specific
- 9:00goal.
- 9:01And
- 9:01you
- 9:01have
- 9:01a
- 9:01team
- 9:02of
- 9:02people
- 9:02supporting
- 9:03the
- 9:03membership.
- 9:03That's
- 9:04when
- 9:04you
- 9:04need
- 9:04a
- 9:04higher
- 9:04price
- 9:04point.
- 9:05You
- 9:05need
- 9:05to
- 9:05make
- 9:05a
- 9:05lot
- 9:05more
- 9:06money
- 9:06in
- 9:06order
- 9:06to
- 9:06support
- 9:07this
- 9:07thing
- 9:07because
- 9:07you're
- 9:07pouring
- 9:08so
- 9:08much
- 9:08time
- 9:09and
- 9:09energy
- 9:09into
- 9:09it.
- 9:10So
- 9:11there's
- 9:11A
- 9:11lot
- 9:11to
- 9:11think
- 9:12about
- 9:12when
- 9:12it
- 9:12comes
- 9:12to
- 9:12pricing,
- 9:13but
- 9:13I
- 9:13hope
- 9:13you
- 9:13take
- 9:14away
- 9:14that
- 9:15the
- 9:15experience
- 9:16you
- 9:16create
- 9:16is
- 9:16the
- 9:16most
- 9:17important
- 9:17factor.
- 9:18The
- 9:19last
- 9:19part
- 9:19of
- 9:19Leslie's
- 9:20question
- 9:20I
- 9:20want
- 9:20to
- 9:20address,
- 9:20which
- 9:21is
- 9:21do
- 9:21you
- 9:21do
- 9:21sliding
- 9:21scales?
- 9:22And
- 9:22I
- 9:22have
- 9:23seen
- 9:23sliding
- 9:23scales
- 9:24be
- 9:24successful
- 9:25and
- 9:25I
- 9:25think
- 9:26it
- 9:26just
- 9:26depends
- 9:26on
- 9:26the
- 9:27experience.
- 9:27And
- 9:27you
- 9:28can
- 9:28offer
- 9:28that.
- 9:28You
- 9:28can
- 9:29also
- 9:29offer
- 9:30certain
- 9:30like
- 9:30percentage
- 9:31scholarships
- 9:32for
- 9:32people
- 9:32to
- 9:32apply
- 9:32to.
- 9:33I
- 9:33recently
- 9:34did
- 9:34a
- 9:34program
- 9:34myself.
- 9:35I
- 9:35enrolled
- 9:35in
- 9:36where
- 9:36they
- 9:37did.
- 9:38It
- 9:38was
- 9:38like
- 9:38it
- 9:38was
- 9:39the
- 9:39first
- 9:39time
- 9:39they
- 9:39were
- 9:39launching
- 9:40it
- 9:40and
- 9:40so
- 9:40they
- 9:40really
- 9:40wanted
- 9:41a
- 9:41lot
- 9:41of
- 9:41feedback
- 9:41as
- 9:42it
- 9:42went
- 9:42on.
- 9:42And
- 9:43so
- 9:43they
- 9:43had
- 9:43a
- 9:43price
- 9:44point
- 9:44point
- 9:44that
- 9:44was
- 9:4450%.
- 9:45It
- 9:45was
- 9:45either
- 9:46like
- 9:46you
- 9:46pay
- 9:46full
- 9:46price,
- 9:46which
- 9:47was
- 9:47like
- 9:48450
- 9:48bucks,
- 9:49something
- 9:49like
- 9:49that,
- 9:49or
- 9:50you
- 9:50pay
- 9:5050%
- 9:51of
- 9:51that.
- 9:51It
- 9:51was
- 9:51like
- 9:51$225.
- 9:53But
- 9:53the
- 9:54deal
- 9:54was
- 9:55if
- 9:55you
- 9:55did
- 9:55that
- 9:56option,
- 9:57you
- 9:57had
- 9:57to
- 9:58submit.
- 9:59They
- 9:59framed
- 9:59it
- 9:59as
- 9:59a
- 10:00testimonial,
- 10:00but
- 10:00it
- 10:00was
- 10:00really
- 10:01like
- 10:01a
- 10:01feedback
- 10:01form
- 10:02after
- 10:03every
- 10:03single
- 10:03session
- 10:04within
- 10:0424
- 10:05hours.
- 10:05And
- 10:05so
- 10:05like
- 10:05you
- 10:06by
- 10:06purchasing
- 10:07that
- 10:07offer
- 10:08was
- 10:08a
- 10:08value
- 10:08exchange
- 10:09promise
- 10:10that
- 10:10you're
- 10:10making
- 10:10that
- 10:11you
- 10:11would
- 10:11show
- 10:11up,
- 10:13do
- 10:13the
- 10:13work
- 10:13and
- 10:13then
- 10:14give
- 10:14that
- 10:14feedback,
- 10:15which
- 10:15I
- 10:15think
- 10:15was
- 10:16a
- 10:16really
- 10:16smart
- 10:16strategy
- 10:17for
- 10:17a
- 10:17beta
- 10:17because
- 10:18it
- 10:18forces
- 10:19people
- 10:19to
- 10:19do
- 10:19the
- 10:19work
- 10:20because
- 10:20you
- 10:20have
- 10:20to
- 10:20show
- 10:20up,
- 10:21because
- 10:21you
- 10:21have
- 10:21to
- 10:21submit
- 10:22your
- 10:22feedback
- 10:22within
- 10:2324
- 10:23hours.
- 10:24And
- 10:26it
- 10:26also
- 10:27just
- 10:27allowed
- 10:27them
- 10:27to
- 10:27get
- 10:28feedback
- 10:28really
- 10:29and
- 10:29iterate
- 10:30really
- 10:30quickly.
- 10:30So
- 10:30they
- 10:30basically
- 10:31got
- 10:31feedback
- 10:31after
- 10:31each
- 10:32session,
- 10:32which
- 10:32helped
- 10:32them
- 10:32improve
- 10:33the
- 10:33next
- 10:33session,
- 10:34which
- 10:34is
- 10:35like
- 10:35my
- 10:35favorite
- 10:35way
- 10:36to
- 10:36get
- 10:36feedback
- 10:36and
- 10:37improve
- 10:37things
- 10:37as
- 10:37they're
- 10:37going.
- 10:38So
- 10:38I
- 10:38loved
- 10:38that.
- 10:39But
- 10:39I
- 10:39think
- 10:39that
- 10:39that's
- 10:39a
- 10:40cool
- 10:40opportunity
- 10:40too.
- 10:41Um,
- 10:41so
- 10:41yes,
- 10:42scholarships,
- 10:43some
- 10:43sliding
- 10:43scale
- 10:43opportunities
- 10:44and
- 10:44then
- 10:45something
- 10:45like
- 10:45that
- 10:45could
- 10:46work
- 10:46especially
- 10:46well
- 10:46for
- 10:47a
- 10:47beta.
- 10:48So
- 10:48yeah,
- 10:48you
- 10:49know,
- 10:49it's,
- 10:49it's
- 10:50really
- 10:50custom,
- 10:50it's
- 10:51a
- 10:51custom
- 10:51game
- 10:51and
- 10:52of
- 10:52course
- 10:52you
- 10:52can
- 10:52do
- 10:52a
- 10:52little
- 10:53bit
- 10:53of
- 10:53competitive
- 10:53research,
- 10:54which
- 10:54I'm
- 10:54sure
- 10:54you
- 10:54noticed.
- 10:55I
- 10:55didn't
- 10:55even
- 10:55mention
- 10:56it
- 10:56does
- 10:56matter
- 10:56what
- 10:57your
- 10:57com,
- 10:57what
- 10:57your
- 10:57competitors
- 10:58are
- 10:58offering
- 10:58a
- 10:58little
- 10:59bit,
- 10:59but
- 10:59almost
- 11:00not
- 11:00really.
- 11:00Especially
- 11:01in
- 11:01a
- 11:01creator
- 11:01led
- 11:02brands
- 11:02like
- 11:02people
- 11:02want
- 11:02to
- 11:02work
- 11:03with
- 11:03people,
- 11:03people
- 11:04want
- 11:04to
- 11:04work
- 11:04with
- 11:04you.
- 11:05And
- 11:05so
- 11:05if
- 11:05your
- 11:06price
- 11:06point
- 11:06is
- 11:06higher,
- 11:07they're
- 11:07not
- 11:07really
- 11:07comparing
- 11:08people.
- 11:08They
- 11:08probably
- 11:08don't
- 11:08even
- 11:09know
- 11:09the
- 11:09other
- 11:09people.
- 11:10And
- 11:10so
- 11:10yeah,
- 11:10just
- 11:11keep
- 11:11that
- 11:11in
- 11:11mind.
- 11:11Okay.
- 11:12Hope
- 11:12this
- 11:12helps.
- 11:13And
- 11:13if
- 11:13you
- 11:14loved
- 11:14this
- 11:14episode,
- 11:14if
- 11:15you
- 11:15want
- 11:15to
- 11:15submit
- 11:15your
- 11:15own
- 11:15question,
- 11:16I'm
- 11:16obviously
- 11:17getting
- 11:17into
- 11:17the
- 11:17nitty
- 11:18gritty
- 11:18details
- 11:18in
- 11:19these,
- 11:19so
- 11:20definitely
- 11:20DM
- 11:21me,
- 11:21email
- 11:21me.
- 11:21I
- 11:21would
- 11:22love
- 11:22to
- 11:22answer
- 11:22your
- 11:22question
- 11:22live.
- 11:23On
- 11:23the
- 11:23podcast
- 11:23and
- 11:24make
- 11:24a
- 11:24voice
- 11:24note
- 11:25specifically
- 11:25for
- 11:25you.